1 30/11/2023 2023-11-30 false false false false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 6757458 2022-12-01 2023-11-30 6757458 2023-11-30 6757458 2022-11-30 6757458 2021-12-01 2022-11-30 6757458 2022-11-30 6757458 core:PlantMachinery 2022-12-01 2023-11-30 6757458 bus:RegisteredOffice 2022-12-01 2023-11-30 6757458 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 6757458 bus:Director1 2022-12-01 2023-11-30 6757458 core:PlantMachinery 2022-11-30 6757458 core:PlantMachinery 2023-11-30 6757458 core:WithinOneYear 2023-11-30 6757458 core:WithinOneYear 2022-11-30 6757458 core:AfterOneYear 2023-11-30 6757458 core:AfterOneYear 2022-11-30 6757458 core:ShareCapital 2023-11-30 6757458 core:ShareCapital 2022-11-30 6757458 core:RetainedEarningsAccumulatedLosses 2023-11-30 6757458 core:RetainedEarningsAccumulatedLosses 2022-11-30 6757458 core:PlantMachinery 2022-11-30 6757458 bus:SmallEntities 2022-12-01 2023-11-30 6757458 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 6757458 bus:FullAccounts 2022-12-01 2023-11-30 6757458 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 6757458 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Company registration number: 6757458
Greencard Golf Limited
Unaudited filleted financial statements
30 November 2023
Greencard Golf Limited
Contents
Director and other information
Statement of financial position
Notes to the financial statements
Greencard Golf Limited
Directors and other information
Director Mr R Munroe
Company number 6757458
Registered office 1st Floor
64 Baker Street
London
W1U 7GB
Accountants Redford & Co Limited
Chartered Accountants
1st Floor
64 Baker Street
London
W1U 7GB
Greencard Golf Limited
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 10,354 8,604
_______ _______
10,354 8,604
Current assets
Debtors 6 440,339 167,802
Cash at bank and in hand 177,207 132,846
_______ _______
617,546 300,648
Creditors: amounts falling due
within one year 7 ( 540,991) ( 201,856)
_______ _______
Net current assets 76,555 98,792
_______ _______
Total assets less current liabilities 86,909 107,396
Creditors: amounts falling due
after more than one year 8 ( 15,000) ( 25,000)
_______ _______
Net assets 71,909 82,396
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 71,809 82,296
_______ _______
Shareholders funds 71,909 82,396
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 January 2024 , and are signed on behalf of the board by:
Mr R Munroe
Director
Company registration number: 6757458
Greencard Golf Limited
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1st Floor, 64 Baker Street, London, W1U 7GB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 December 2022 31,825 31,825
Additions 5,202 5,202
_______ _______
At 30 November 2023 37,027 37,027
_______ _______
Depreciation
At 1 December 2022 23,221 23,221
Charge for the year 3,452 3,452
_______ _______
At 30 November 2023 26,673 26,673
_______ _______
Carrying amount
At 30 November 2023 10,354 10,354
_______ _______
At 30 November 2022 8,604 8,604
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 270,055 103,187
Other debtors 170,284 64,615
_______ _______
440,339 167,802
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 5,903 1,658
Social security and other taxes 1,588 314
Other creditors 523,500 189,884
_______ _______
540,991 201,856
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 15,000 25,000
_______ _______